Announcement: Panmure Liberum acts as Co-Manager on Yellow Cake's $175m placing
We are pleased to announce that Panmure Liberum acted for Yellow Cake Plc on its upsized $175m (£130m) placing via accelerated bookbuild.

Yellow Cake is a specialist company which offers exposure to the uranium spot price. This is achieved through its strategy of buying and holding physical triuranium octoxide ("U3O8"). The business is differentiated from its peers by its ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world's largest uranium producer and holds its U3O8 in storage in Canada and France.
Due to strong investor demand, the Company increased the size of the placing to US$175 million from the US$125 million originally proposed. Additional proceeds from the upsizing are intended to be used to fund opportunistic and strategic purchases of further U3O8.
Panmure Liberum Team
Investment Banking – Scott Mathieson, Amrit Mahbubani, Gaya Bhatt
Sales & Trading – Simon Fickling, Chris Cooper, Ed Husband, Adam Howson, Mark O’Hara, David Thompson
Research - Tom Price, Duncan Hay
Legal - Emily Troubridge
Settlements - Rob Simpson